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Share Capital (Tables)
12 Months Ended
Dec. 31, 2020
Disclosure of share capital, reserves and other equity interest [Abstract]  
Schedule of Common Stock Outstanding Roll Forward
Number of SharesAmount
Outstanding at December 31, 2018391,250,203 $3,705.2 
Shares issued through:
Share-based compensation plans1,555,989 9.5 
Shares repurchased and cancelled(2,748,352)(26.1)
Exercise of warrants45 — 
Flow-through share financing1,132,169 5.9 
Cancellation of unexchanged post-amalgamation shares(119,237)(1.2)
Outstanding at December 31, 2019391,070,817 $3,693.3 
Shares issued through:
Share-based compensation plans1,653,361 10.3 
Shares repurchased and cancelled (i)(1,133,561)(10.7)
Dividend reinvestment plan and share purchase plan (ii)1,186,205 10.0 
Outstanding at December 31, 2020392,776,822 $3,702.9 
Disclosure of number and weighted average exercise prices of share options
The following is a continuity of the changes in the number of stock options outstanding:
NumberWeighted average exercise price (CAD$)
Outstanding at December 31, 20186,655,455 $7.38 
Granted965,876 6.59 
Exercised(1,555,989)5.93 
Expired(1,600,080)10.52 
Outstanding at December 31, 20194,465,262 $6.59 
Granted876,425 7.66 
Exercised(1,653,361)6.15 
Expired(211,747)11.02 
Outstanding at December 31, 20203,476,579 $6.80 
Weighted average fair value assumptions used in the Black-Scholes valuation for stock options The following table presents the weighted average fair value assumptions used in the Black-Scholes valuation:
For options granted in the year ended:December 31, 2020December 31, 2019
Weighted average share price at grant date (CAD$)$7.66 $6.59 
Risk-free rate1.07% - 1.62% 1.32% - 1.68%
Expected dividend yield1.02 %0.84 %
Expected stock price volatility (based on historical volatility)52 %54 %
Expected life of option (months)42 - 8442 - 84
Weighted average per share fair value of stock options granted (CAD$)$3.27 $2.95 
Disclosure of number and weighted average remaining contractual life of outstanding share options
Stock options outstanding and exercisable as at December 31, 2020:
OutstandingExercisable
Range of exercise prices (CAD$)Number of optionsWeighted average exercise price (CAD$)Weighted average remaining contractual life (years)Number of optionsWeighted average exercise price (CAD$)
$3.01 - $5.00560,000 3.75 2.05560,000 3.75 
$6.01 - $7.001,596,265 6.57 4.71679,852 6.57 
$7.01 - $8.00809,184 7.62 6.02291 7.07 
$8.01 - $9.0028,571 8.63 6.16— — 
$9.01 - $10.00482,559 9.62 3.18482,559 9.62 
3,476,579 $6.80 4.391,722,702 $6.51 
Stock options outstanding and exercisable by range of exercise prices
Stock options outstanding and exercisable as at December 31, 2020:
OutstandingExercisable
Range of exercise prices (CAD$)Number of optionsWeighted average exercise price (CAD$)Weighted average remaining contractual life (years)Number of optionsWeighted average exercise price (CAD$)
$3.01 - $5.00560,000 3.75 2.05560,000 3.75 
$6.01 - $7.001,596,265 6.57 4.71679,852 6.57 
$7.01 - $8.00809,184 7.62 6.02291 7.07 
$8.01 - $9.0028,571 8.63 6.16— — 
$9.01 - $10.00482,559 9.62 3.18482,559 9.62 
3,476,579 $6.80 4.391,722,702 $6.51 
Continuity of the changes in the number of other long-term incentive plans (LTIP) outstanding
The following is a continuity of the changes in the number of other long-term incentive plans ("LTI") outstanding for the years ended December 31, 2020 and 2019:
Restricted share units ("RSU")Stock appreciation rights ("SAR")Deferred share units ("DSU")Performance share units ("PSU")
Outstanding units, December 31, 20181,567,696 509,192 645,413 983,441 
Granted832,366 — 208,882 423,628 
Forfeited(305,300)(309,566)— — 
Settled(427,937)(108,319)(165,868)(324,916)
Outstanding units, December 31, 20191,666,825 91,307 688,427 1,082,153 
Granted851,453 — 176,418 475,623 
Forfeited(201,954)(13,195)— (75,892)
Settled(347,733)(78,112)— (247,866)
Outstanding units, December 31, 20201,968,591  864,845 1,234,018 
Schedule of Earnings (loss) per share
For the year ended
December 31, 2020December 31, 2019
Net earnings$144.2 $96.1 
Weighted average number of common shares outstanding (in thousands)391,675 390,160 
Basic earnings per share$0.37 $0.25 
Dilutive effect of potential common share equivalents (in thousands)3,187 3,267 
Diluted weighted average number of common shares outstanding (in thousands)394,862 393,427 
Diluted earnings per share$0.37 $0.24 
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share
The following table lists the equity securities that were excluded from the computation of diluted earnings per share as the exercise price related to these securities exceeded the average market price of the Company's common shares of CAD $10.87 and CAD $7.18 in 2019.
For the years ended December 31,
(in thousands)20202019
Stock options— 1,420